Home to the world’s eighth largest population, a growing economy and existing gas infrastructure, Bangladesh has all the ingredients to become a major LNG importer. Wishing to offset the decline in its domestic gas supply and with no international gas pipeline links progressing, the South Asian nation has an ambitious LNG strategy, with four regas projects currently proposed for development in the southeast of the country. At a time when the LNG industry is looking for big new sources of demand to absorb a potential supply glut, Bangladesh’s foray into LNG could not be more timely. But despite its huge appetite for gas, is Bangladesh biting off more than it can chew? LNG Business Review takes a look at the country lining up to be Asia’s next major LNG player.
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